Daily chart failed three tests, accumulating a large number of trapped longs and short stop-loss orders.

So it’s very likely to first wipe out the longs.
Once broken through, it will trigger a liquidity squeeze-style rally, but in the context of decreasing open interest, this breakout is more like a last short covering push rather than a trend reversal.

Futures prices are weaker than spot, reflecting a pessimistic market outlook for the longer-term trend, with insufficient incremental funds to support a sustained upward move, so I still believe the rise is just a pull-up to unload positions.

Betting on a market sentiment turning point has a high success rate but low tolerance for error; be sure to control your position size and don’t go all-in at once.

Furthermore, in terms of the current situation, Huang Mao is arbitrarily calling trades, controlling the market excessively, so following Huang Mao’s approach, after a rally, he is likely to initiate sanctions, which is essentially another source of profit.

But be sure to set stop-losses properly; if the price drops below 64,200, it indicates a failed trap, and the market is weakening early, so I will consider where to enter more appropriately.

And also, why I don’t open long positions now—contracts should only be taken in one direction, either long or short. Analyzing only one side prevents confusion.

Order placement ideas.
Short orders.
BTC limit order: : 66,611
Take profit: can set at 61,200 or wait for my signal to take profit.
Stop-loss strictly enforced: 67,730

Ethereum short position.
ETH limit order: : 1,875, originally wanted to set at 1,908, but afraid of missing the order, so you can place it in batches depending on your position.
Take profit: 1,587–1,475
Stop-loss strictly enforced: 1,952
2026/6/12 23:01